#1Barclays PLC Q4 2021 Fixed Income Investor Presentation 23 February 2022 BARCLAYS#2Strategy#3STRATEGY, TARGETS & GUIDANCE BUK PERFORMANCE Resilient through economic cycles CC&P CIB How Barclays will continue to deliver value Our diversification, built to deliver double-digit returns ASSET QUALITY A large scale retail and business bank in the UK A broad international consumer lending, cards and payments franchise A top tier global corporate and investment bank 3 | Barclays Q4 2021 Results | 23 February 2022 CAPITAL & LEVERAGE L MREL, FUNDING & LIQUIDITY 7 Strategic priorities to sustain and grow CREDIT RATINGS + Deliver sustainable L growth in the CIB Deliver next-generation, digitised consumer financial services Capture opportunities as we transition to a low- carbon economy || ESG Society Investors DIVISIONS & LEGAL ENTITIES Customers and clier Delivering value for our stakeholders APPENDIX Colleagues A diversified combination of strong businesses, together with clear strategic priorities, positions us to deliver value to all of our stakeholders BARCLAYS#4STRATEGY, TARGETS & GUIDANCE 7.3 Deliver next-generation, digitised consumer financial services 84.9 PERFORMANCE The digital revolution continues Branch visits (m) Mobile banking active customers (m) 9.7 2018 8.4 Our strategic priorities to grow are underpinned by structural market and societal trends 72.9 9.2 36.2 ASSET QUALITY 29.0 2019 2020 2021 4 | Barclays Q4 2021 Results | 23 February 2022 +33% vs. 2018 -66% vs. 2018 CAPITAL & LEVERAGE Deliver sustainable growth in the CIB 123 53 MREL, FUNDING & LIQUIDITY Public and private capital markets continue to grow Public Bonds outstanding ($tn)¹ ■ Equity market capitalisation ($tn)² 70 2018 193 +57% مرا 72 +36% 122 +74% 2021 CREDIT RATINGS Private³ ■Total private capital markets AUM ($tn) 6.0 2018 9.84 2021 ESG +63% Capture opportunities as we transition to a low-carbon economy 128 13 115 The demand for green products is increasing significantly 5 Amount issued from green loans globally (£bn) Amount issued from green bonds globally (£bn)³ 5 2018 DIVISIONS & LEGAL ENTITIES 237 32 205 2019 266 54 212 2020 501 90 APPENDIX 411 2021 +291% vs. 2018 +592% vs. 2018 +257% vs. 2018 1 Bonds represent debt issuance outstanding for Investment Grade (Source: Bloomberg Barclays Global Aggregate Index LEGATRUU) and high yield (Source: Bloomberg Barclays Global High Yield Index LG30TRUU) | 2 Source: Bloomberg WCAUWRLD Index representing the market capitalisation from all shares outstanding. Data does not include ETFs and ADRS | 3 Source: Preqin "Future of Alternatives 2025" data excl. Hedge Funds | 4 Based on data as of H121 | 5 Source: Refinitiv green bond guide | Note: Charts may not sum due to rounding | BARCLAYS#51.75 1.25 0.75 0.25 -0.25 Dec-18 8 6 4 STRATEGY, TARGETS & GUIDANCE 2 0 The real economy backdrop is supportive of Barclays' corporate and consumer businesses Dec-18 Mar-19 Mar-19 Jun-19 Jun-19 Sep-19 PERFORMANCE Sep-19 Interest rates (%) GBP 5 Year swap rate¹ Dec-19 Mar-20 Dec-19 Mar-20 Jun-20 ASSET QUALITY 5 Barclays Q4 2021 Results | 23 February 2022 Monthly YoY inflation (%) UK Jun-20 Sep-20 -US UK base rate Sep-20 Dec-20 Mar-21 Dec-20 Mar-21 CAPITAL & LEVERAGE Jun-21 18th Feb: 1.55 18th Feb: 0.50 Sep-21 MREL, FUNDING & LIQUIDITY Dec-21 Jun-21 Sep-21 Jan-22: 7.5 Jan-22: 5.5 Dec-21 15 5 -5 -15 15 10 5 0 CREDIT RATINGS Apr-21 Dec-18 Change in monthly card spending vs. 2019² (%) May-21 Mar-19 Jun-19 Jun-21 ESG Sep-19 UK debit and credit cards Jul-21 Dec-19 Aug-21 Sep-21 Mar-20 Unemployment rate5 (%) • UK DIVISIONS & LEGAL ENTITIES - Jun-20 US Sep-20 US credit cards Oct-21 Nov-21 Dec-20 APPENDIX Mar-21 Jun-21 Jan-22: 7.43 Jan-22: (0.2)³ Dec-21 Sep-21 Jan-22 Jan-22: 4.0 Dec-21: 4.1 Dec-21 1 UK Pound Sterling SONIA OIS Zero 5 Year Point (Refinitiv: GBPOIS5YZ=R) | 2 UK debit and credit cards data based on Barclays debit and credit cards transactions, as per the monthly Barclays UK Consumer Spending Report | 3 Compared against Jan-20 | 4 UK CPI YY (Refinitiv: GBHICY=ECI) and US CPI YY NSA (Refinitiv: USCPNY=ECI) | 5 UK unemployment rate (Refinitiv: GBILOU-ECI) and US unemployment rate (Refinitiv: USUNR=ECI) | BARCLAYS#6STRATEGY, TARGETS & GUIDANCE PERFORMANCE UK retail banking Investing in digital capabilities Accelerating customer digital access and adoption Building more cost-effective infrastructure ASSET QUALITY Simplifying product proposition to better serve customer needs Deliver next-generation, digitised consumer financial services Building better products and services, leveraging our payments interconnections and improving our efficiency CAPITAL & LEVERAGE 6 | Barclays Q4 2021 Results | 23 February 2022 MREL, FUNDING & LIQUIDITY CREDIT RATINGS Payments Realising value from our Payments platform Invested >£500m over recent years, positioning business to enhance product offering UK SME growth through digital capabilities and partnership channels An integrated payments solution for corporates in the UK and Europe ESG Monetise investments in e-commerce gateway capabilities DIVISIONS & LEGAL ENTITIES Further diversification of partner portfolio into retail and broadening product offering US and UK consumer lending Expanding consumer lending in the US and UK through Corporate partnerships Point of Sale finance ventures ● ● ● APPENDIX Gap Inc. Amazon (UK and Germany) As technology transforms consumer financial services, we will continue to adapt our product offering Apple (UK) Amount (US) BARCLAYS#7STRATEGY, TARGETS & GUIDANCE Strong foundation Growing ECM Investing for growth PERFORMANCE Expanding coverage Diversifying Investment Banking income Global IB Fee Share¹ Deliver sustainable growth in the CIB As the capital markets grow, we aim to maintain our market position as a top six global investment bank while investing in new capabilities and digital platforms Investment Banking Global ECM Fee Share¹ Global Technology Fee Share¹ £2.5bn 1.5 FY18 0.7 0.3 ■Advisory FY21 Rank #6 (↑ 1 vs. FY18) ASSET QUALITY 1.9 ECM 7 | Barclays Q4 2021 Results | 23 February 2022 +70 bps FY18-21 +50 bps FY18-21 £3.7bn FY21 0.9 0.8 CAPITAL & LEVERAGE DCM Strong foundation Global Markets MREL, FUNDING & LIQUIDITY Growing financing income streams Increasing client share Growing stable income Diversifying Global Markets income Global Markets² Global institutional client wallet share³ CREDIT RATINGS Equity Prime client balances4 Financing income5 FY21 Rank #6 (↑ 1 vs. FY18) +70 bps FY18-H121 c.50% growth since FY18 ESG c.40% growth since FY18 DIVISIONS & LEGAL ENTITIES Corporate Banking Broadening product capabilities Leveraging European offering and continuing build out of US capabilities Deepening client relationships and driving returns Growing non-capital intensive, fee based income Number of clients (Europe) APPENDIX Income return on RWAS6 +c.600 in 2021 +c.20% YoY Transaction banking fee income? 5.8% in 2021 +c.90bps YOY c.£600m +7% YoY 1 Sourced from Dealogic for the period covering 01-Jan-21 to 31-Dec-21 | 2 Sourced from Coalition Greenwich, Preliminary FY21 Competitor Analysis. Analysis is based on Barclays internal business structure and internal revenues. Rank result is against the Coalition Index Banks | 3 Sourced from Coalition Greenwich, FY18 & H121 Institutional Client Analytics. Based on Barclays share of the leading Global Markets Institutional wallets | 4 Average financing balances | 5 Includes financing income across both Equities and FICC | 6 Corporate Bank income/Average credit risk RWAS | 7 Fee and commission income only | Note: Charts may not sum due to rounding | BARCLAYS#8STRATEGY, TARGETS & GUIDANCE PERFORMANCE ASSET QUALITY Supporting clients with the transition Scaling-up of low-carbon technologies, infrastructure and capacity Providing advice and finance to enable clients to decarbonise Facilitated c.£62bnª Green Finance since 2018 Joint lead on 7/8 inaugural syndicated green bonds issued by European sovereigns since 2017 Advised/served as underwriter on >50 environmental and social M&A and equity transactions worth >$25bn in 2021 CAPITAL & LEVERAGE Capture opportunities as we transition to a low-carbon economy We want to be a trusted partner for our customers and clients as they transition 8 Barclays Q4 2021 Results | 23 February 2022 MREL, FUNDING & LIQUIDITY CREDIT RATINGS Developing new green and sustainable products Green home mortgages, bonds, loans and investment funds Over £1bn Green Home Mortgages completed since launch Barclays' Green Structured Notes programme launched ESG Research team of subject matter experts delivering ESG thought leadership DIVISIONS & LEGAL ENTITIES APPENDIX Investing in sustainable innovation Sustainability-focused start-ups 9 investments made under our Sustainable Impact Capital Programme including 2 in Q421 ENERGYDOME GROUND-BREAKING ENERGY STORAGE A 2021 data reproduced from the Barclays PLC Annual Report subject to independent Limited Assurance under ISAE(UK)3000 and ISAE3410. Refer to the ESG Resource Hub for details: home.barclays/sustainability/esg-resource-hub/| RESPONSIBLE BARCLAYS#9STRATEGY, TARGETS & GUIDANCE PERFORMANCE 37% Diversified by income type FY21 Group income by type 37% NII Net interest Income (NII) ASSET QUALITY 63% Diversified model underpins resilient performance through cycles 63% Non NII Fees, commission and other income 9 | Barclays Q4 2021 Results | 23 February 2022 CAPITAL & LEVERAGE MREL, FUNDING & LIQUIDITY Diversified by customer and client 44% Consumer CREDIT RATINGS 6% 16% 15% FY21 O Group income by customer¹ 29% 23% 10% Business Banking International Consumer & Payments UK Retail 56% Wholesale Investment Banking fees Global Markets ¹ Excludes negative income from Head Office | 2 Based on location of office where transactions recorded | Note: Charts may not sum due to rounding | Corporate ESG DIVISIONS & LEGAL ENTITIES Diversified by geography FY21 51% Group income by geography² 51% UK UK 5% APPENDIX 33% 11% 49% Non-UK Americas Europe Other BARCLAYS#10STRATEGY, TARGETS & GUIDANCE (0.7%) (1.9) 2015 11.4% 2015 10.4 3.6% Barclays' diversified strategy is delivering Group ROTE >10% in 2021 2016 PERFORMANCE 12.4% 2016 Statutory ROTE (3.6%) (10.3) 2017 13.3% 2017 9.4 3.6% 2018 10 | Barclays Q4 2021 Results | 23 February 2022 ASSET QUALITY ■CET1 Ratio 13.2% Prudently managed capital resources 2018 Statutory EPS (p) Litigation and Conduct | Note: Charts may not sum due to rounding | 14.3 5.3% 2019 CAPITAL & LEVERAGE 13.8% 2019 8.8 3.2% 2020 15.1% ROTE target: >10% 37.5 2020 13.4% 2021 CET1 target: 13-14% MREL, FUNDING & LIQUIDITY 15.1% 84% 18.5 4.4 Total costs (excl. L&C¹) (£bn) 14.1 2015 CREDIT RATINGS 6.5 6.5 2015 Costs continue to be tightly managed L&C'(£bn) 16.3 1.4 76% 15.0 2016 3.0 3.0 15.5 1.2 73% 14.2 2016 2017 ■ DPS (p) 3.0 ESG 3.0 2017 16.2 2.2 77% 14.0 2018 DIVISIONS & LEGAL ENTITIES Increased capital distributions to shareholders 6.5 6.5 15.4 1.8 71% 13.6 2018 2019 Share buybacks (p per share) 3.0 CIR 3.0 13.9 0.2 2019 13.7 64% 2020 5.0 4.0 APPENDIX 2020 CIR target: <60% 14.4 0.2 14.3 66% 2021 2021 Barclays has made significant progress - our objective is to deliver consistently against our financial targets whilst growing selectively 15.0 9.0 6.0 2021 BARCLAYS#11STRATEGY, TARGETS & GUIDANCE PERFORMANCE Returns Group ROTE 13.4% Cost efficiency Cost: income ratio 66% Capital adequacy Record FY21 profitability, increased capital distributions FY21 metrics Group targets over the medium term CET1 ratio 15.1% ASSET QUALITY Capital distributions Total 2021 payout equivalent of 15.0p per share¹ (£2.5bn) CAPITAL & LEVERAGE 11 Barclays Q4 2021 Results | 23 February 2022 MREL, FUNDING & LIQUIDITY Returns CREDIT RATINGS Group ROTE >10% Capital adequacy 6.0p total dividend (4.0p full year dividend). Announced up to £1.0bn buyback with FY21 results, bringing total buybacks in respect of 2021 to £1.5bn| CET1 ratio 13-14% ESG DIVISIONS & LEGAL ENTITIES Cost efficiency APPENDIX Cost: income ratio <60% Capital distributions Progressive ordinary dividend, supplemented as appropriate, including with share buybacks BARCLAYS#12STRATEGY, TARGETS & GUIDANCE 13.4% 2021 ROTE PERFORMANCE 2.2% 2 £(1.0)bn Barclays is well-positioned to deliver sustainable double digit returns 1.0% £(0.5)bn Post-tax modelled impairment reversal¹ DTA re- measurement Impairment 2 Tax ASSET QUALITY 12 | Barclays Q4 2021 Results | 23 February 2022 CAPITAL & LEVERAGE 10.3% MREL, FUNDING & LIQUIDITY Interest rates ↑ NII uplift from higher rates Cards and Fee income Growth in unsecured balances Increase in payments and transaction banking income CREDIT RATINGS ¹ Post-tax equivalent of Stage 1 and 2 impairment release of £1,346m | ² Bars not to scale | ³2021 structural cost actions reduced the 2021 ROTE by 1.1% ↓↓ Impairment Increased impairment, but below pre-COVID levels ESG Tax Higher tax rate DIVISIONS & LEGAL ENTITIES Illustrative headwinds and tailwinds² Cost dynamics Investment spend Inflationary pressures ✩ Efficiency savings ↑ Lower structural cost actions³ IB performance dynamics Capital markets activity Performance costs flexibility APPENDIX >10% Medium-term target ROTE BARCLAYS#13STRATEGY, TARGETS & GUIDANCE Outlook Income Impairment Costs Capital Capital returns PERFORMANCE • ● ASSET QUALITY CAPITAL & LEVERAGE MREL, FUNDING & LIQUIDITY CREDIT RATINGS ESG 13 | Barclays Q4 2021 Results | 23 February 2022 DIVISIONS & LEGAL ENTITIES Barclays' diversified income streams position the Group well for the ongoing economic recovery and rising interest rates 1 Group cost outlook is based on an average rate of 1.35 (USD/GBP) in 2022 and subject to foreign currency movements | Impairment charge is expected to remain below pre-COVID-19 pandemic levels in coming quarters given reduced unsecured lending balances and an improved macroeconomic outlook APPENDIX Inflationary pressures and planned investment spend are expected to result in FY22 costs excluding structural cost actions and performance costs being modestly higher than £12.0bn¹ The CET1 ratio is expected to be impacted by c.80bps of regulatory changes which took effect from 1 January 2022 Capital returns policy incorporates a progressive ordinary dividend, supplemented as appropriate, including with share buybacks BARCLAYS#14Performance#15STRATEGY, TARGETS & GUIDANCE Consumer recovery Record CIB profits¹ Cost control Net impairment release Strong capital position PERFORMANCE Increased capital return FY21: Record profit before tax and increased capital returns Diversification delivering ● ● ASSET QUALITY CAPITAL & LEVERAGE ● MREL, FUNDING & LIQUIDITY Record PBT of £8.4bn and 13.4% ROTE • Well positioned for rising rates, strong UK mortgage and deposit volumes, and improving spend trends in the UK and US ● £5.8bn CIB PBT and 14.9% ROTE CREDIT RATINGS • FY21 base costs² flat YoY at £12.0bn - cost discipline while investing for growth • £0.7bn FY impairment release - robust unsecured lending coverage ratios 15 | Barclays Q4 2021 Results | 23 February 2022 15.1% CET1 ratio – enabling attractive return of capital 2021 total dividend of 6.0p per share • 2021 announced total share buybacks of up to £1.5bn ESG DIVISIONS & LEGAL ENTITIES Income £21.9bn Cost: income ratio 66% PBT £8.4bn APPENDIX ROTE 13.4% EPS 37.5p CET1 ratio 15.1% TNAV per share 292p Total capital return 15.0p³ equivalent per share (£2.5bn) 1 On a comparable basis, period covering 2014-2021. Pre 2014 financials not restated following re-segmentation in 2016 | ² Costs excluding structural cost actions and performance costs | 36.0p total dividend (4.0p full year dividend). Announced up to £1.0bn buyback with FY21 results, bringing total buybacks in respect of 2021 to £1.5bn | BARCLAYS#16STRATEGY, TARGETS & GUIDANCE Income £21.9bn FY20: £21.8bn FY21 Group highlights Cost: income ratio 66% FY20: 64% PBT £8.4bn FY20: £3.1bn ROTE 13.4% FY20: 3.2% PERFORMANCE TNAV per share 292p Dec-20:269p Costs £14.4bn FY20: £13.9bn Impairment £(0.7)bn release FY20: £4.8bn charge EPS 37.5p FY20: 8.8p CET1 ratio 15.1% Dec-20: 15.1% Liquidity Coverage Ratio 168% Dec-20: 162% ● 16 | Barclays Q4 2021 Results | 23 February 2022 ● ● ● ● ASSET QUALITY ● CAPITAL & LEVERAGE 3,065 Income of £21.9bn up 1%, despite a 8% depreciation of average USD against GBP BUK income increased 3%, CC&P income decreased 3%, and CIB income decreased 1% FY20 MREL, FUNDING & LIQUIDITY Costs increased 4% to £14.4bn, due to higher structural cost actions and performance costs Base costs¹ were flat at £12.0bn, incorporating investment for business growth, favourable FX movements, efficiency savings and lower bank levy ¹ Costs excluding structural cost actions and performance costs | ² Numbers do not sum to total due to rounding | Net credit impairment release of £0.7bn Stage 1 and 2 impairment release of £1.3bn², primarily due to an improved macroeconomic outlook Stage 3 charge was £0.7bn², reflecting reduced unsecured lending balances and benign credit environment PBT of £8.4bn, EPS of 37.5p and ROTE of 13.4%, with all operating divisions generating double digit returns Total 2021 payout equivalent of 15.0p per share, including 6.0p total dividend and total buybacks of up to £1.5bn announced in respect of 2021 174 Income CREDIT RATINGS CET1 ratio of 15.1%, flat vs. Dec-20 including 72bps of capital distributions through dividends and buybacks TNAV per share increased 23p from Dec-20 to 292p, reflecting 37.5p of EPS, partially offset by net adverse reserve movements and other items Profit before tax (£m) 553 ESG Costs DIVISIONS & LEGAL ENTITIES 5,491 Impairment APPENDIX 237 Other net income 8,414 FY21 BARCLAYS#17STRATEGY, TARGETS & GUIDANCE 21,766 6,347 3,445 12,476 PERFORMANCE (502) FY20 ASSET QUALITY 17 | Barclays Q4 2021 Results | 23 February 2022 Income: ongoing benefits from business diversification enabling increased revenue YoY Group income +1% YoY despite an 8% USD/GBP depreciation (£m) 21,940 6,536 CAPITAL & LEVERAGE 3,331 12,334 (261); FY21 MREL, FUNDING & LIQUIDITY CREDIT RATINGS Barclays UK: +3% YoY Bl: Consumer, Cards & Payments -3% YoY Bl: Corporate & Investment Bank -1% YoY ESG Head Office: +48% YoY DIVISIONS & LEGAL ENTITIES APPENDIX Strong mortgage volumes and margins Non-recurrence of prior year COVID-19 customer support actions Partially offset by lower unsecured lending balances Lower average US cards balances and higher initial costs on new account acquisition Global Markets -1 Partially offset by higher Unified Payments and Private Bank income Equities +20% and FICC -33% Investment Banking fees +34% ECM +72%, Advisory +64% and DCM +13% Corporate +6% Transaction Banking +8% and Corporate Lending flat Hedge accounting, legacy funding costs and other treasury items, partially offset by mark-to-market gains on legacy investments and Absa dividends BARCLAYS#18STRATEGY, TARGETS & GUIDANCE BUK: Mortgage balances (£bn) ● PERFORMANCE BUK: UK cards End Net Receivables (£bn) CC&P: US cards End Net Receivables ($bn) 143.3 148.3 Dec-19 Dec-20 Mortgage growth continues, well positioned for rising rates and optimistic about recovery in unsecured lending 15.9 Mortgages ASSET QUALITY 27.1 Jun-21 Sep-21 Strong mortgage flow from new applications, with net balances up £0.7bn QoQ and £9.9bn¹ YoY in Q421 Q421 margins have reduced from the levels seen in Q321 YTD Credit cards CAPITAL & LEVERAGE 155.2 21.0 11.2 9.6 9.6 Dec-19 Dec-20 Jun-21 Sep-21 157.4 18 | Barclays Q4 2021 Results | 23 February 2022 158.1 21.1 Dec-21 9.5 Dec-21 20.1 Dec-20 Jun-21 Sep-21 Dec-21 Dec-19 US cards growth in 2021 includes $0.6bn AARP portfolio acquisition and organic balance build 22.2 Recovery in spending expected to drive growth in unsecured lending balances MREL, FUNDING & LIQUIDITY CREDIT RATINGS GBP 5 Year swap rate² (%) 1.5 Expect income headwinds from higher acquisition costs as new accounts and balances grow, particularly in the US Numbers do not tie to chart due to rounding | 2 UK Pound Sterling SONIA OIS Zero 5 Year Point (Refinitiv: GBPOIS5YZ=R) |3 See slide 40 for more details | Group NII interest rate sensitivity 1.0 0.5 0.0 hy ESG 2016 Illustrative Group income impact from a 25bps upward parallel shift in interest rate curves³ (£m) 2017 2018 Zero Yield Close DIVISIONS & LEGAL ENTITIES Year 1 c.275 APPENDIX 2019 2020 2021 2022 5 Year Moving Average Year 2 c.375 Year 3 c.525 Barclays is well positioned for a rising rate environment given significant deposit balances The scenario above assumes a 25bps parallel shift in interest rates, with the additional benefit in years 2 and 3, primarily reflecting the structural hedge being reinvested in higher yielding swaps Around two thirds of the Group income benefit from the illustrative 25bps upward parallel shift is in BUK, with the remaining in Bl Given the move in the yield curve and increase in hedge notional, the structural hedge contribution in FY22 is currently expected to be higher than in FY21 BARCLAYS#19STRATEGY, TARGETS & GUIDANCE ● 13,886 299 4,302 PERFORMANCE FY21 total costs +4% YoY (£m) 14,439 170 2,120 6,693 ASSET QUALITY Costs: FY21 increase driven by higher structural cost actions and performance costs, with flat base costs 472 FY20 Head Office ■CIB ■CC&P ■BUK ¹ Costs excluding structural cost actions and performance costs | 19 | Barclays Q4 2021 Results | 23 February 2022 4,394 CAPITAL & LEVERAGE 2,366 6,835 FY21 total costs +4% YoY reflecting favourable FX movements, efficiency savings and lower bank levy, more than offset by higher structural cost actions and performance costs, and investment in business growth 674 FY21 Bank Levy MREL, FUNDING & LIQUIDITY CREDIT RATINGS 13,886 ESG 32 DIVISIONS & LEGAL ENTITIES FY21 base costs flat YoY (Em) 280 241 FY21 base costs flat YoY at £12.0bn APPENDIX 14,439 FY20 total Base costs Performance Structural cost FY21 total costs costs actions costs FY21 base costs were flat YoY at £12,046m (FY20: £12,014m), in line with guidance FY21 performance costs increased by £241m to £1,745m (FY20: £1,504m) reflecting improved returns Q421 structural cost actions of £256m, taking FY21 structural cost actions to £648m (FY20: £368m) BARCLAYS#20STRATEGY, TARGETS & GUIDANCE 150 PERFORMANCE FY19 368 20 | Barclays Q4 2021 Results | 23 February 2022 ASSET QUALITY FY20 CAPITAL & LEVERAGE FY21 structural cost actions predominantly related to BUK transformation spend and real estate charge Structural cost actions (£m) FY21 structural cost actions increased to £648m 648 266 288¹ 94 FY21 MREL, FUNDING & LIQUIDITY ¹ Includes all BUK structural cost actions, primarily related to transformation spend | 2 Numbers do not tie to chart due to rounding | CREDIT RATINGS Real estate charge BUK transformation spend Other ESG DIVISIONS & LEGAL ENTITIES APPENDIX Charge taken in Head Office in Q221 to vacate a London office building by the end of 2022 Expected to result in annual cost savings of c.£50m from 2023 onwards BUK People and Operations (FY21: £181m²; Q421: £121m) Right-sizing headcount in branches and operations Expect structural costs actions in FY22 to be lower than FY21 Automate operations and run a cost-efficient location strategy for employees BUK Property (FY21: £106m²; Q421: £75m) Primarily branch reductions 'Digital first' service model using a streamlined branch footprint Average payback of c.1-2 years on People and Operations, and c.2-3 years on Property, with savings expected to be delivered from 2023 Efficiency savings expected to create capacity for further investments in digital transformation BARCLAYS#21STRATEGY, TARGETS & GUIDANCE Structural cost actions Performance costs PERFORMANCE Base costs¹ ASSET QUALITY 14,439 648 1,745 21 | Barclays Q4 2021 Results | 23 February 2022 FY22 base costs expected to be modestly higher than £12.0bn due to inflationary pressures and planned investment spend FY21 to FY22 costs outlook (£m) 12,046 CAPITAL & LEVERAGE FY21 MREL, FUNDING & LIQUIDITY Demand-led growth Inflationary pressures CREDIT RATINGS Key drivers of base costs² Strategic investments Technology and digital Cyber, fraud and regulatory controls • Amortisation of capitalised costs . ESG Investment spend ● Technology productivity • Process optimisation • Smart procurement • Real estate strategy DIVISIONS & LEGAL ENTITIES Business related growth Base costs reflect volume-related growth, inflationary pressures and investments, partially offset by efficiencies The ongoing economic recovery is presenting attractive opportunities, leading to continued volume related growth and investment spend in FY22 FY22 structural cost actions are expected to be lower than FY21 Continuing to drive efficiencies, including continued transformation of the BUK cost base Performance costs will be dependent on business performance and Group returns Efficiency savings ¹ Costs excluding structural cost actions and performance costs | ² Bars not to scale | ³ Group cost outlook is based on an average rate of 1.35 (USD/GBP) in 2022 and subject to foreign currency movements | APPENDIX Modestly higher than £12.0bn³ FY22 BARCLAYS#22STRATEGY, TARGETS & GUIDANCE Income £5.2bn Q420: £4.9bn Q421 Group highlights Cost: income ratio 72% Q420: 77% PBT £1.5bn Q420: £0.6bn ROTE 9.3% Q420: 1.8% PERFORMANCE TNAV per share 292p Sep-21:287p Costs £3.7bn Q420: £3.8bn Impairment £(31)m release Q420: £0.5bn charge EPS 6.6p Q420: 1.3p CET1 ratio 15.1% Sep-21: 15.4% Liquidity Coverage Ratio 168% Sep-21: 161% 22 | Barclays Q4 2021 Results | 23 February 2022 ● ● ● ● . ● ASSET QUALITY . CAPITAL & LEVERAGE MREL, FUNDING & LIQUIDITY 646 Income of £5.2bn, up 4% driven by improved income from BUK and CCP, with stable CIB income Costs down 3%, reflecting efficiency savings, reduced performance costs and lower bank levy, partially offset by higher BUK structural cost actions and investment in business growth Q420 Net credit impairment release of £31 m, reflecting an improved macroeconomic outlook, lower unsecured lending balances and a net wholesale release CREDIT RATINGS PBT of £1.5bn compared to £0.6bn in Q420 Attributable profit of £1.1 bn generated EPS of 6.6p and ROTE of 9.3%, with all operating divisions generating double digit returns 219 CET1 ratio of 15.1%, down c.30bps from Sep-21, reflecting higher RWAS and the dividend accrual, partially offset by earnings Income TNAV per share increased 5p to 292p QoQ, primarily reflecting 6.6p of EPS, partially offset by adverse reserve movements ESG Profit before tax (£m) 96 DIVISIONS & LEGAL ENTITIES Costs 523 APPENDIX Impairment 10 Other net income 1,474 Q421 BARCLAYS#23STRATEGY, TARGETS & GUIDANCE Income £1.7bn Q420: £1.6bn Cost: income ratio 73% Q420: 73% Loan loss rate n/a Q420:31bps ROTE 16.8% Q420: 6.5% PERFORMANCE Loan: deposit ratio 85% Sep-21:86% Q421 Barclays UK ROTE of 16.8% including structural cost actions, with FY21 NIM of 2.52% in line with guidance Costs £1.2bn Q420: £1.2bn Impairment £(0.1)bn release Q420: £0.2bn charge PBT £0.5bn Q420: £0.3bn Average equity¹ £10.0bn Q420: £9.8bn RWAS £72.3bn Sep-21: £73.2bn ● 23 | Barclays Q4 2021 Results | 23 February 2022 ● ● ASSET QUALITY ● CAPITAL & LEVERAGE MREL, FUNDING & LIQUIDITY Income increased 4% primarily driven by improved mortgage margins and increased balances, partially offset by lower unsecured lending balances Increase in non-interest income QoQ reflects higher debt sales NIM flat QoQ at 2.49%, FY21 NIM of 2.52% FY22 NIM expected to be between 2.60% - 2.70%, reflecting the benefit of higher rates², partially offset by the mix of secured vs. unsecured lending growth CREDIT RATINGS Costs increased 5% driven by structural cost actions of £196m to deliver efficiency savings over time Impairment release of £59m due to an improved macroeconomic outlook, and lower unsecured lending balances and delinquencies Loans³ remained broadly stable QoQ at £208.8bn Customer deposits4 increased £3.8bn QoQ to £260.6bn primarily driven by growth in Personal Banking, further strengthening the liquidity position and contributing to a loan: deposit ratio of 85% Total income (£m) Net interest margin (NIM) Costs (Em) Impairment (£m) Loans ³ (£bn) Customer deposits4 (£bn) Average allocated tangible equity | ² Assumes the UK base rate increases to 1% by the end of 2022 | ³ Loans and advances at amortised cost | 4 Customer deposits at amortised cost | ESG Q420 Q121 1,626 309 1,317 1,576 295 1,281 NII 2.56% 1,180 170 205 241 2.54% Non-interest income 1,039 77 DIVISIONS & LEGAL ENTITIES 206 248 Q221 Q421 Q321 1,623 1,638 1,699 318 386 335 1,303 1,305 1,313 2.55% 1,097 (520) 208 256 2.49% 1,051 137 209 APPENDIX 257 2.49% 1,243 (59) 209 261 BARCLAYS#24STRATEGY, TARGETS & GUIDANCE Income £3.5bn Q420: £3.5bn Cost: income ratio 66% Q420: 68% Loan loss rate 7bps Q420: 90bps ROTE 10.4% Q420: 5.8% PERFORMANCE Q421 Barclays International ROTE of 10.4% driven by resilient income and operating performance Total assets £1,044bn Sep-21: £1,076bn Costs £2.3bn Q420: £2.4bn Impairment £23m Q420: £291m PBT £1.2bn Q420: £0.8bn Average equity¹ £32.9bn Q420: £30.5bn RWAS £230.9bn Sep-21: £222.7bn ● 24 | Barclays Q4 2021 Results | 23 February 2022 ASSET QUALITY ● CAPITAL & LEVERAGE Income increased 1% MREL, FUNDING & LIQUIDITY Balanced income profile across businesses and geographies 2% depreciation of average USD against GBP was a headwind to income and profits, and a tailwind to impairment and costs Costs decreased 2% to £2.3bn resulting in an improved cost: income ratio of 66% CREDIT RATINGS Impairment charge of £23m reflecting a net release in CIB and a low CC&P charge driven by low delinquencies and high repayment rates in US cards RWAS increased £8.2bn QoQ to £230.9bn driven by higher modelled market risk RWAS Average allocated tangible equity | ² BBPLC FY21 income, based on location of office where transactions were recorded | Note: Charts may not sum due to rounding | 25% 18% 15% 30% ESG Business diversity of Q421 income (£m) 7% DIVISIONS & LEGAL ENTITIES 27% Geographic diversity of FY21 income² (%) 30% 48% APPENDIX Global Markets Investment Banking fees Corporate CC&P Americas UK Europe Other BARCLAYS#25STRATEGY, TARGETS & GUIDANCE Income £2.6bn Q420: £2.6bn Cost: income ratio 65% Q420: 69% PBT £1.0bn Q420: £0.8bn Average equity¹ £28.7bn Q420: £26.3bn PERFORMANCE RWAS £200.7bn Sep-21: £192.5bn Costs £1.7bn Q420: £1.8bn Q421 Barclays International: Corporate & Investment Bank ROTE of 10.2%, with improved profitability driven by stable income performance and a net impairment release Impairment £(73)m release Q420: £52m charge ROTE 10.2% Q420: 6.3% Total assets £979bn Sep-21: £1,011bn ● 25 | Barclays Q4 2021 Results | 23 February 2022 ● ● ● ● ASSET QUALITY ● CAPITAL & LEVERAGE MREL, FUNDING & LIQUIDITY CIB income stable at £2.6bn as strong investment banking fees offset weaker global markets revenues Global Markets income decreased 23% Equities -8% with strong performance in derivatives and financing but lower cash equities income FICC -33% reflecting tighter spreads and client activity Investment Banking fees increased 27%, the best Q4 on a comparable basis² driven by strong performance across all businesses Advisory +24% Equity Capital Markets +52% Debt Capital Markets +22% Corporate lending income decreased 5% Transaction banking income increased 32% reflecting higher balances, improved margins and increased client activity CREDIT RATINGS Costs decreased 7% reflecting reduced performance costs and lower bank levy, resulting in a cost: income ratio of 65% Impairment release of £73m reflecting an update to the macroeconomic outlook and a net wholesale release Global Markets income (£m) Investment Banking fees income (£m) Corporate income (£m) Average allocated tangible equity | 2 Period covering 2014-2021. Pre 2014 financials not restated following re-segmentation in 2016 | Note: Charts may not sum due to rounding | Q421 Q421 (USD) (GBP) ESG YoY 1,410 -22% 675 -6% 735 -32% 1,288 +28% 689 +23% FICC Equities 212 +53% 387 +24% Advisory Q420 530 344 186 1,047 -23% 501 -8% DIVISIONS & LEGAL ENTITIES 546 -33% YoY 956 +27% 511 +22% ECM Q421 158 +52% 287 +24% 453 176 629 +19% Corporate lending DCM +32% -5% FY20 FY21 (GBP) (GBP) 7,609 2,471 5,138 2,731 1,697 473 561 APPENDIX 1,546 590 Transaction banking YoY 6,415 -16% 2,967 +20% 3,448 -33% 3,659 +34% 1,925 +13% 2,136 2,260 +6% 813 +72% 921 +64% 1,672 +8% 588 BARCLAYS#26STRATEGY, TARGETS & GUIDANCE Income £0.9bn Q420: £0.8bn Cost: income ratio 72% Q420: 65% Loan loss rate 105bps Q420: 286bps PERFORMANCE ROTE 11.7% Q420: 2.7% Costs £0.6bn Q420: £0.6bn Q421 Barclays International: Consumer, Cards & Payments ROTE of 11.7% reflecting improved income, lower impairment and investment for growth in US cards Impairment £96m Q420: £239m PBT £0.2bn Q420: £0.1bn Average equity¹ £4.2bn Q420: £4.2bn Total Assets RWAS £30.2bn £64.8bn Sep-21: £64.6bn Sep-21: £30.2bn ASSET QUALITY ● 26 | Barclays Q4 2021 Results | 23 February 2022 CAPITAL & LEVERAGE Income increased 4% MREL, FUNDING & LIQUIDITY Payments income increased 29% driven by higher turnover following the easing of lockdown restrictions Private Bank income increased 15% reflecting client balance growth International Cards and Consumer Bank income decreased 4% reflecting reduced US cards income, as balance growth was offset by higher initial costs on new account acquisitions Total US cards balances were up 6% YoY and 5% QoQ. Average balances were up 4% YoY and 6% QoQ Balance growth QoQ was driven by increased spend reflecting economic recovery and seasonality, although repayment levels remained elevated Merchant acquiring volumes continue to recover following the easing of lockdown restrictions CREDIT RATINGS c.40% of merchant acquiring volumes are through e- commerce channels despite a recovery in in-store spending Costs increased 13% reflecting higher marketing spend and investments in new and existing partnerships Impairment decreased 60% driven by lower US cards delinquencies and customer repayments Total income (£m) US cards End Net Receivables ($bn) Merchant Acquiring payments processed² (£bn) Impairment (£m) ESG Deposits ³ (£bn) Q420 848 98 174 576 21.0 65.3 29.9 35.4 International Cards & Consumer Bank In-store 239 65.3 15.6 49.7 Private Bank Q121 Q221 805 93 179 533 19.3 61.4 32.2 29.2 DIVISIONS & LEGAL ENTITIES Online 21 66.0 15.3 50.7 840 109 214 517 Private Bank 20.1 67.3 28.2 39.1 (42) 67.2 14.8 52.5 Q321 808 130 188 490 21.1 70.0 27.2 42.8 110 67.5 15.0 52.5 Average allocated tangible equity | ² Based on the value of transactions. Includes turnover associated with government savings products. In-store refers to all non-online transactions | 3 Includes deposits from banks and customers at amortised cost | APPENDIX Q421 878 International Cards and Consumer Bank 126 200 552 Payments 22.2 71.5 27.6 43.9 96 69.4 15.3 54.1 BARCLAYS#27STRATEGY, TARGETS & GUIDANCE Q421 Head Office Income (£m) Costs (£m) Other net income (£m) Loss before tax (£m) RWAS (£bn) Average equity¹ (£bn) Average allocated tangible equity | PERFORMANCE Q420 (171) (264) 8 (458) 10.2 7.3 27 | Barclays Q4 2021 Results | 23 February 2022 ASSET QUALITY Q121 (75) (80) 123 (32) 10.7 4.3 Q221 (27) CAPITAL & LEVERAGE (325) 8 (338) 11.1 4.2 MREL, FUNDING & LIQUIDITY Q321 (110) (114) 78 (147) 11.5 6.6 CREDIT RATINGS Q421 (49) (155) 11 (198) 11.0 5.3 ● ESG DIVISIONS & LEGAL ENTITIES APPENDIX Q421 negative income of £49m including: Hedge accounting losses Funding costs on legacy capital instruments Negative treasury items Q421 costs of £155m included costs related to the discontinued use of software assets BARCLAYS#28STRATEGY, TARGETS & GUIDANCE Structural hedge Hedge notional (£bn) GBP 5 Year swap rate¹ (%) Gross hedge contribution (£m) PERFORMANCE 171 1.5 1.0 Dec-19 Mar-20 Jun-20 Sep-20 Dec-20 Mar-21 Jun-21 Sep-21 Dec-21 0.5 0.0 Q120 174 2016 435 hay ASSET QUALITY 431 2017 2018 2019 -Zero Yield Close Q220 Q320 Q420 28 | Barclays Q4 2021 Results | 23 February 2022 174 181 188 192 198 407 ¹ UK Pound Sterling SONIA OIS Zero 5 Year Point (Refinitiv: GBPOIS5YZ=R) | CAPITAL & LEVERAGE 377 350 Structural hedge program update MREL, FUNDING & LIQUIDITY 224 228 2020 2021 5 Year Moving Average 341 Q121 Q221 Q321 Q421 353 2022 371 . CREDIT RATINGS ESG - DIVISIONS & LEGAL ENTITIES APPENDIX The Group's combined gross equity and product structural hedge contribution was £371m in Q421 (Q321: £353m) The combined structural hedge notional as at Dec-21 was £228bn, an increase of £4bn from Sep-21 and a £57bn increase from Dec-19 The £57bn increase in structural hedge notional is relative to an increase in Group deposits of £103bn since Dec-19 The average duration of the structural hedge remains at close to 3 years FY21 gross structural hedge income across the Group was £1,415m, £236m lower than FY20 Given the move in the yield curve and increase in hedge notional, the structural hedge contribution in FY22 is currently expected to be higher than in FY21 BARCLAYS#29STRATEGY, TARGETS & GUIDANCE PERFORMANCE Interest rate sensitivity Impact of parallel shifts in interest rate curves (£m) 25bps upward 25bps downward ASSET QUALITY 29 | Barclays Q4 2021 Results | 23 February 2022 Year 1 c.275 c.(450) Illustrative sensitivity of Group NII to a parallel shift in interest rate curves¹ Year 2 c.375 CAPITAL & LEVERAGE c.(575) Year 3 c.525 MREL, FUNDING & LIQUIDITY c.(700) CREDIT RATINGS ● ESG DIVISIONS & LEGAL ENTITIES APPENDIX This analysis assumes an instantaneous parallel shift in interest rate curves Around two thirds of the Group income benefit from the illustrative 25bps upward parallel shift is in BUK, with the remaining in Bl The sensitivity is calculated using a constant balance sheet - i.e. maturing business is reinvested at a consistent tenor and margin Actual pricing decisions made in the event of rate rises or falls may differ from those shown in the illustrative scenarios. In the event of multiple rate rises, the pass-through may vary over time Pass-through is limited on the downward scenario, as customer rates are floored at 0% for GBP and USD deposits2, including when the downward scenario reflects negative base rates It does not apply floors to shocked market rates, thus reflecting, for illustrative purposes, the impact of negative base rates on Group NII in the downward scenario This sensitivity is not a forecast of interest rate expectations, and Barclays' pricing decisions in the event of an interest rate change may differ from the assumptions underlying this sensitivity. Accordingly, in the event of an interest rate change the actual impact on Group NII may differ from that presented in this analysis 1 This sensitivity is based on the modelled performance of the consumer and corporate banking book, and includes the impact of both the product and equity structural hedges. It provides the annual impact on Group NII over the next three years, for illustrative purposes only, and is based on a number of assumptions regarding variables which are subject to change. Such assumptions might also differ from those underlying the AEaR calculation in the Annual Report | 2 With regards to the relatively modest balance of EUR deposits that are currently subject to charging, no incremental pass-through of further rates reductions are assumed in the illustrative scenario | BARCLAYS#30STRATEGY, TARGETS & GUIDANCE 287 PERFORMANCE 269 Dec-20 QoQ and YoY TNAV per share movements QoQ TNAV movements (pence per share) 5 Sep-21 Earnings TNAV per share increased 5p to 292p due to +7p of earnings +4p pension remeasurement +1 p net impact of share buybacks (7 38 Earnings 1 Fair value through other comprehensive income ASSET QUALITY 30 | Barclays Q4 2021 Results | 23 February 2022 —3- TNAV per share increased 23p to 292p due to +38p of earnings +4p pension remeasurement +3p net impact of share buybacks CAPITAL & LEVERAGE Repurchase of shares Cash flow hedge reserve MREL, FUNDING & LIQUIDITY Dividends paid 3 - Repurchase of shares CREDIT RATINGS Pension remeasurement 14 -1p of shares under employee share schemes -1p FVOCI¹ reserve YOY TNAV movements (pence per share) - Cash flow hedge reserve Partly offset by: ESG 4 Partly offset by: -5p cash flow hedge reserve due to a decrease in the fair value of hedges as a result of an increase in the yield curve 2 Pension remeasurement -14p cash flow hedge reserve -3p dividends paid DIVISIONS & LEGAL ENTITIES Other movements —5— APPENDIX Other movements 292 Dec-21 292 Dec-21 -2p FVOCI¹ reserve -2p employee share scheme -1p other movements BARCLAYS#31Asset Quality#32STRATEGY, TARGETS & GUIDANCE 4,838 1,467 1,721 1,559 91 PERFORMANCE FY20 Impairment: FY21 net release of £0.7bn, reflecting lower unsecured lending balances and a net release in the CIB Impairment charge / (release) (£m) Head Office ■ Consumer, Cards & Payments ASSET QUALITY 32 | Barclays Q4 2021 Results | 23 February 2022 185 (473) CAPITAL & LEVERAGE (365) (653) FY21 MREL, FUNDING & LIQUIDITY ■ Corporate & Investment Bank ■ Barclays UK BUK Bl: CC&P CREDIT RATINGS BI: CIB ESG Drivers of impairment charge / (release) Impairment release of £365m driven by an improved macroeconomic outlook and lower unsecured lending balances reflecting reduced borrowing, customer repayments and lower delinquencies DIVISIONS & LEGAL ENTITIES UK cards 30 and 90 day arrears rates were 1.0% and 0.2% respectively (Q420: 1.7% and 0.8%) Impairment charge of £185m, down 89% YoY driven by lower US cards delinquencies and customer repayments 4,838 US cards 30 and 90 day arrears rates were 1.6% and 0.8% respectively (Q420: 2.5% and 1.4%) 2,323 APPENDIX Impairment release of £473m including an improved macroeconomic outlook and a net wholesale release Components of impairment charge / (release) (£m) 2,515 FY20 Stage 1 and 2 impairment ■ Stage 3 impairment 693 (1,346) (653) FY21 BARCLAYS#33STRATEGY, TARGETS & GUIDANCE UK GDP UK unemployment US GDP US Annual growth Quarterly average Retaining management adjustments due to economic uncertainty Baseline macroeconomic variables (MEVS) Change in MEVS 2021 2022 2023 Annual growth Quarterly unemployment average PERFORMANCE MEVS used in Q321 results 2021 2022 2023 6.5% 5.0% 6.8% 5.5% 5.2% 33 | Barclays Q4 2021 Results | 23 February 2022 ASSET QUALITY 4.4% 5.1% 4.7% 4.2% Impairment allowance (£m) Allowance pre management adjustment Management adjustment Of which economic uncertainty adjustments Of which other adjustments Total Of which on balance sheet Of which off balance sheet 2.3% 2.4% 4.0% 6.2% 4.8% CAPITAL & LEVERAGE 2021 2022 2023 5.5% 5.5% Q421 MEVS 4.9% 4.7% MREL, FUNDING & LIQUIDITY 3.9% 4.2% 2.3% 4.5% 3.6% -0.3% -0.3% CREDIT RATINGS -0.2% -0.4% 2.6% -1.3% -0.5% Dec-19 Sep-21 6,290 4,794 340 1,963 2,039 340 (76) 6,630 6,757 (352) (31) (90) 6,308 6,210 322 547 Dec-21 4,798 1,486 1,692 (206) 6,284 5,742 542 -0.2% +0.2% ESG -0.4% Balance sheet impairment allowance and management adjustment Write P&L Other offs release incl. FX DIVISIONS & LEGAL ENTITIES APPENDIX Q421 baseline UK and US MEVS have improved from Q321, including unemployment forecasts in both the UK and US Total Group impairment allowance reduced by £0.5bn to £6.3bn, reflecting write-offs of £352m, an impairment release of £31m and other movements including FX Given reduced unsecured lending balances and an improved macroeconomic outlook, the impairment charge is expected to remain below pre-COVID-19 pandemic levels in coming quarters Management judgements have been maintained in respect of economic uncertainty, including customers and clients considered to be potentially more vulnerable as government and other support schemes have started to reduce BARCLAYS#34STRATEGY, TARGETS & GUIDANCE 10.8 46.0 Dec-21 coverage ratios remain strong Credit cards, unsecured loans and other retail lending Gross exposure (£bn) Impairment allowance (£bn) 60.2 Coverage ratio 12.3% 8.8% 3.4 5.7 154.9 2.2 46.5 45.8 3.2 2.3 5.6 Dec-19 Dec-20 Dec-21 17.0 10.3 33.0 Stage 1 37.8 160.2 2.2 Dec-19 Dec-20 Dec-21 PERFORMANCE Stage 2 4.9 Gross exposure (£bn) 169.7 2.1 19.5 19.3 0.4 illa 148.1 135.7 138.6 0.3 2.3 2.0 2.3 2.8 ■ Stage 3 34 | Barclays Q4 2021 Results | 23 February 2022 ASSET QUALITY 0.5 0.7 Dec-19 Dec-20 Dec-21 0.5 Home loans Impairment allowance (£bn) 0.4 4.0 0.1 1.5 1.7 0.8 0.5 0.1 0.1 0.0 0.0 Dec-19 Dec-20 Dec-21 0.4 8.1% 68.5% 18.7% 1.2% 0.3% CAPITAL & LEVERAGE 16.1% 0.4% 71.0% 26.8% 30.1% 2.1% Dec-19 Dec-20 Dec-21 Coverage ratio 0.3% 18.8% 64.5% 0.4% Dec-19 Dec-20 2.2% 0.3% 18.7% 0.3% MREL, FUNDING & LIQUIDITY Dec-21 Gross exposure (£bn) 151.7 2.8 15.9 130.3 2.4 10.4 CREDIT RATINGS 117.5 144.3 3.6 21.4 119.3 Dec-19 Dec-20 Dec-21 133.0 Gross exposure (£bn) 367.2 7.2 41.1 345.4 351.0 7.9 9.0 38.2 51.0 299.3 291.0 318.9 Dec-19 Dec-20 Dec-21 1.0 Wholesale loans Impairment allowance (£bn) ESG 6.3 2.1 3.2 1.1 0.5 0.3 0.3 OT Dec-19 Dec-20 Dec-21 0.7 Total loans Impairment allowance (£bn) 8.3 DIVISIONS & LEGAL ENTITIES 3.7 3.6 1.2 0.6 0.3 0.4 1.0 5.7 2.5 2.4 2.0 1.2 0.7 Dec-19 Dec-20 Dec-21 0.8% 2.9% 0.1% 23.2% 29.7% 1.8% APPENDIX Coverage ratio 6.2% 1.5% 0.2% 3.3% 0.3% Dec-19 Dec-20 Dec-21 Coverage ratio 40.7% 41.5% 2.4% 7.0% 0.4% 0.8% Dec-19 Dec-20 22.3% 1.6% 0.3% 1.6% 34.8% 4.9% 0.4% Dec-21 BARCLAYS#35STRATEGY, TARGETS & GUIDANCE Gross exposure (£bn) 16.5 0.8 Dec-19 Dec-20 Dec-21 1.7 0.6 11.9 0.5 1.3 5.1 0.8 9.9 0.5 0.3 In th 3.6 2.1 1.2 1.1 10.6 0.8 7.5 7.3 0.2 Gross exposure (£bn) 12.4 0.6 PERFORMANCE 1.6 8.3 7.6 0.5 0.3 1.1 0.8 In 10.2 6.6 6.5 Dec-19 Dec-20 Dec-21 Stage 1 Dec-21 UK and US cards coverage ratios still meaningfully above pre-pandemic levels Stage 2 UK cards Impairment allowance (£bn) 2.0 0.1 0.1 Dec-19 Dec-20 Dec-21 0.7 0.4 UK Personal loans and partner finance Impairment allowance (£bn) 0.7 0.2 ASSET QUALITY ■ Stage 3 0.4 35 | Barclays Q4 2021 Results | 23 February 2022 0.2 0.1 0.1 0.1 Dec-19 Dec-20 Dec-21 0.1 0.5 0.3 Coverage ratio 10.5% 16.6% 12.8% 65.1% 73.1% 67.0% CAPITAL & LEVERAGE 21.6% 33.1% 36.6% 1.2% 5.4% Dec-19 Dec-20 Dec-21 70.7% 2.4% 0.8% Coverage ratio 9.0% 80.4% 10.5% 21.4% 1.6% 2.0% Dec-19 Dec-20 6.0% 73.2% 18.0% 1.1% MREL, FUNDING & LIQUIDITY Dec-21 Gross exposure (£bn) 22.5 1.5 2.8 18.2 CREDIT RATINGS 8.8 0.5 1.4 17.1 1.3 6.9 4.1 11.7 Dec-19 Dec-20 Dec-21 Gross exposure (£bn) 10.3 0.5 1.1 9.2 0.5 18.0 0.9 1.7 1.5 15.4 7.2 Germany 8.7 Dec-19 Dec-20 Dec-21 2.1 US cards Impairment allowance (£bn) 1.2 ESG 0.4 2.5 0.2 1.0 1.1 DIVISIONS & LEGAL ENTITIES 0.6 0.3 0.3 Dec-19 Dec-20 Dec-21 0.5 0.2 0.2 1.9 0.7 0.1 0.7 0.5 and other unsecured lending Impairment allowance (£bn) 0.4 0.2 0.2 0.1 Dec-19 Dec-20 Dec-21 0.1 0.1 Coverage ratio 9.1% 14.3% 10.6% 79.6% 21.3% 1.6% 4.8% APPENDIX 40.6% 0.7% 78.1% 72.6% Dec-19 Dec-20 Dec-21 Dec-19 27.% 2.7% Coverage ratio 5.7% 11.5% 14.9% 41.7% 1.1% 40.3% Dec-20 3.5% 3.9% 42.1% 10.6% 0.7% Dec-21 BARCLAYS#36STRATEGY, TARGETS & GUIDANCE PERFORMANCE 45.8 169.7 Group on balance sheet exposure £367.2bn 151.7 ASSET QUALITY Wholesale exposures are diversified and appropriately covered, especially in selected vulnerable sectors Wholesale and vulnerable sector exposure Wholesale lending (£bn) 151.7 16.4 ■ Wholesale 1 Education, Social Housing and Local Authority | ■ Home Loans CAPITAL & LEVERAGE ■ Other Retail 36 | Barclays Q4 2021 Results | 23 February 2022 c.30% of the book is secured, increasing to >60% for the selected vulnerable sectors 62.1 13.4 27.9 31.8 Majority of exposure (>65%) is to clients internally rated as Investment Grade or have a Strong Default Grade classification. Non-Investment Grade exposure is typically senior and lightly drawn MREL, FUNDING & LIQUIDITY c.25% synthetic protection provided by risk mitigation trades, increasing to >30% for some selected vulnerable sectors Active identification and management of high risk sectors have been in place following the Brexit referendum, with actions taken to enhance lending criteria and reduce risk profile CREDIT RATINGS Selected Sectors Other Corporates ■ESHLA¹ Well diversified portfolio across sectors and geographies Financial Institutions Debt Securities ESG DIVISIONS & LEGAL ENTITIES Selected sectors (£bn/coverage ratio %) 16.4 (2.1%) 0.5 (9.7%) 0.6 (2.8%) 1.7 (3.2%) 2.4 (1.8%) 4.9 (1.9%) 6.3 (1.4%) APPENDIX Air Travel ■Shipping ■Transportation Oil and gas Retail Hospitality Covenants in place based on leverage, LTVs, and debt service ratios for clients in high risk sectors Retail - top names are typically consumer staples, Investment Grade or secured against premises/subject to asset-backed loans Air travel - tenor of lending typically with an average life of 2-4 years, senior secured for high yield counterparties and focused on top tier airlines in the UK and US Oil & gas - exposure across a range of oil and gas sub-sectors globally, with majority to Investment Grade counterparties (including oil majors) BARCLAYS#37STRATEGY, TARGETS & GUIDANCE CAPITAL & LEVERAGE DIVISIONS & LEGAL ENTITIES Retail portfolios in the UK and US continue to be appropriately positioned UK mortgages UK cards US cards ● ● ● ● ● ● PERFORMANCE ASSET QUALITY Strong balance growth supported by elevated demand and stamp duty relief Arrears levels at multi-year lows 50.7% average balance weighted LTV of mortgage book stock Buy-to-Let mortgages represent 13.1% of the book MREL, FUNDING & LIQUIDITY A suite of prudent risk actions taken in 2020 Risk actions unwound during 2021 as outlook improved Balances remain low compared to pre-COVID-19 levels Arrears levels have reduced significantly Balances as a result of promotional balance transfers represent £1.1 bn, all of which have a duration of <24 month 37 | Barclays Q4 2021 Results | 23 February 2022 Portfolio remains well positioned across key segments with good risk/return balance Continuing our focus on partnership co-brand strategy CREDIT RATINGS UK mortgage balance growth within risk appetite UK cards arrears rates improved YoY US cards arrears rates improved YoY ESG 143.3 67.9% 51.1% FY19 Average LTV on flow 14.7 1.7% 0.8% 20.5 2.7% 1.4% 148.3 FY19 30 day arrears 67.5% 50.7% FY20 Average LTV on stock 9.9 1.7% 14.7 0.8% FY19 FY20 30 day arrears 90 day arrears Net L&A Note: The marked reduction in 30 & 90 days delinquency for UK cards is as a result of a change in charge off policy; notably changing the point of charge off from 180 to 120 days 2.5% 1.4% APPENDIX FY20 90 day arrears 158.2 69.5% 50.7% FY21 Gross L&A 8.7 1.0% 0.2% FY21 16.1 1.6% 0.8% FY21 Net L&A BARCLAYS#38Capital & Leverage#39STRATEGY, TARGETS & GUIDANCE CET1 capital RWAS PERFORMANCE CET1 capital RWAS 15.4% Sep-21 Year-end CET1 ratio of 15.1% Profits contributed 208bps of capital accretion in 2021, with capital distribution of 72bps £47.3bn £307.5bn 15.1% Dec-20 ASSET QUALITY £46.3bn £306.2bn 208bps Attributable profit Attributable profit £6.4bn 37bps £1.1bn 39 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 CAPITAL & LEVERAGE 33bps Dividends paid & foreseen (£1.0bn) MREL, FUNDING & LIQUIDITY QoQ CET1 ratio¹ movements 8bps Dividend accrual (£0.2bn) 39bps Buybacks executed (£1.2bn) CREDIT RATINGS YOY CET1 ratio¹ movements 40bps (£1.3bn) (£0.6bn) 35bps RWA growth £6.7bn 21bps Reduction in Pension contributions IFRS 9 relief (gross of tax) (£0.7bn) 1 The fully loaded CET1 ratio was 14.7% as at 31 December 2021 (15.0% as at 30 September 2021 and 14.3% as at 31 December 2020) | Note: Charts and tables may not sum due to rounding | ESG 20bps Other movements (£0.7bn) 44bps RWA growth DIVISIONS & LEGAL ENTITIES £8.5bn 29bps Other movements (£1.0bn) APPENDIX 15.1% Dec-21 £47.5bn £314.1bn 15.1% Dec-21 £47.5bn £314.1bn BARCLAYS#40STRATEGY, TARGETS & GUIDANCE 15.1% PERFORMANCE Dec-21 ASSET QUALITY c.30bps 14.8% Re-based CET1 ratio of c.14% Reflects c.30bps for announced share buyback and c.80bps expected impact from regulatory changes Near-term CET1 ratio flightpath Announced up to Re-based Dec-21 £1bn share buyback for share buyback CAPITAL & LEVERAGE 40 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 MREL, FUNDING & LIQUIDITY c.80bps Includes c.35bps impact from the reversal of software amortisation benefit Regulatory changes which took effect from 1 Jan 2022 CREDIT RATINGS c.14% Re-based Dec-21 for share buyback and regulatory changes ESG ● DIVISIONS & LEGAL ENTITIES APPENDIX Having absorbed the impact of c.80bps of regulatory items on 1 Jan 2022, no further significant regulatory headwinds are expected over the next couple of years Estimated impact from Basel 3.1 on the Group's 2021 RWA level is in the range of 5-10% at the point of implementation. Timing of implementation and rule finalisation expected to be announced in H222 BARCLAYS#41STRATEGY, TARGETS & GUIDANCE PERFORMANCE Strong organic capital generation from earnings ASSET QUALITY Target ROTE of >10% translates to c.150bps of annual capital ratio accretion CAPITAL & LEVERAGE MREL, FUNDING & LIQUIDITY Prudently allocating capital while delivering attractive return of capital to shareholders 41 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 Shareholder distributions Investing Maintaining strong capital to grow 6.0p total dividend (4.0p full year dividend). Announced up to £1.0bn buyback with FY21 results, bringing total buybacks in respect of 2021 to £1.5bn | CREDIT RATINGS ESG DIVISIONS & LEGAL ENTITIES Attractive return of capital to shareholders - Total payout of 15p per share in respect of 20211 Demand-led business growth and capital light, high return opportunities APPENDIX 13-14% CET1 ratio target range, absorbing regulatory headwinds BARCLAYS#42STRATEGY, TARGETS & GUIDANCE MDA hurdle 11.1% 2.5% 1.5% 2.6% PERFORMANCE 4.5% 13-14% CET1 ratio target continues to provide appropriate headroom above evolving MDA hurdle Illustrative evolution of minimum CET1 requirements and buffers ASSET QUALITY Dec-21 requirement Pillar 1 requirement Pillar 2A CET1 requirement 13-14% CET1 ratio target 11.6% CAPITAL & LEVERAGE Appropriate headroom 42 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 0.5% 2.5% 1.5% 2.6% 4.5% Dec-22 requirement G-SII buffer Capital Conservation Buffer (CCB) MREL, FUNDING & LIQUIDITY Barclays' MDA hurdle at 11.1% reflecting the Pillar 2A requirement as per the PRA's Individual Capital Requirement | Countercyclical Buffer (CCB) CREDIT RATINGS ● ESG ● DIVISIONS & LEGAL ENTITIES APPENDIX CET1 ratio target of 13-14%, with an appropriate headroom over the MDA hurdle, which is currently 11.1% ¹ The UK countercyclical buffer (CCYB) to be re- introduced in Q422 at 1%, and potentially further increased in Q223 to 2%. Expect the requirements to translate at a rate of c.50% for the Group View the CCyB as a stress buffer, which can be removed by the regulator in the event of a real or potential macroeconomic stress Introduction of Basel 3.1 may be partially mitigated by a reduction in pillar 2A requirements BARCLAYS#43STRATEGY, TARGETS & GUIDANCE 307.5 Sep-21 306.2 PERFORMANCE Dec-20 RWAS increased QoQ and YoY driven by market risk QoQ RWA movements (£bn) 3.6 Credit risk excl. disposals 2.2 Credit risk excl. disposals 1 FX on credit risk RWAS | Note: Charts may not sum due to rounding | ASSET QUALITY 2.4 CAPITAL & LEVERAGE Counterparty credit risk 43 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 2.0 MREL, FUNDING & LIQUIDITY Counterparty credit risk 12.3 Market risk YOY RWA movements (£bn) CREDIT RATINGS 9.1 Market risk 0.3 1 FX¹ 0.7 ESG FX1 0.7 Other 0.3 Other DIVISIONS & LEGAL ENTITIES APPENDIX 314.1 Dec-21 314.1 Dec-21 BARCLAYS#44STRATEGY, TARGETS & GUIDANCE ● - IFRS 9 transitional relief of c.40bps as at Dec-21 1.1 1.1 IFRS 9 Transitional relief CET1 add-back (£bn) Dec-19 PERFORMANCE 2.6 1.7 100% transitional relief for modified impairment post Dec-19 applied until end-2021 Transitional relief schedule for static component per original schedule Total post-tax IFRS 9 transitional relief as at Dec-21 is £1.2bn or c.40bps capital, down c.40bps compared to Dec-20 IFRS 9 modified transitional relief applies to Stage 1 and 2 impairments Transitional basis of capital remains the relevant measure for our capital adequacy assessment by regulators - Total post-tax IFRS 9 transitional relief is expected to reduce by c.15bps to c.25bps from 1 Jan 2022 0.9 Dec-20 Note: Charts may not sum due to rounding | ASSET QUALITY 1.4 0.7 0.7 Constructive regulatory action in Q220 gave greater relief for Stage 1 and 2 impairments Sep-21 1.2 0.6 0.7 CAPITAL & LEVERAGE Dec-21 44 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 0.8 0.4 MREL, FUNDING & LIQUIDITY 0.3 Jan-22 Modified Static CREDIT RATINGS Relief Schedule 2020 2021 2022 2023 2024 ESG Pre-2020 70% 50% 25% 2020 onwards 100% DIVISIONS & LEGAL ENTITIES 100% 75% 50% 25% APPENDIX BARCLAYS#45STRATEGY, TARGETS & GUIDANCE PERFORMANCE ASSET QUALITY Capital impact of deficit reduction contributions (£bn) Based on 2019 Triennial valuation CAPITAL & LEVERAGE Jun-2020 Investment in Senior Notes² Capital impact (pre-tax) Capital impact (bps) - based on Dec-21 RWAS Pension deficit reduction contributions CET1 ratio headwinds from pension reduction contributions fully incorporated into prudent capital plan and CET1 target As at 31 December 2021, the Group's IAS 19 pension surplus across all schemes was £3.6bn (December 2020: £1.5bn). The UK Retirement Fund (UKRF), which is the Group's main scheme, had an IAS 19 pension surplus of £3.8bn (December 2020: £1.8bn). The movement for the UKRF was driven by £700m of deficit contributions, higher corporate bond yields and favourable asset returns, partially offset by higher expected long term price inflation 45 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 The latest annual update as at 30 September 2021 showed the funding position had improved to a £0.6bn surplus from a £0.9bn deficit as at 30 September 2020. The improvement was mainly due to £0.7bn of deficit reduction contributions and favourable asset returns, partially offset by higher expectations for future price inflation 2020 (0.5) 0.75 MREL, FUNDING & LIQUIDITY 0.25 8bps 2021 (0.7) (0.7) (22)bps CREDIT RATINGS 2022 (0.3) ESG 2023 (0.3) 2024 DIVISIONS & LEGAL ENTITIES (0.5) (paid in Q419)¹ (0.25) (0.25) (0.3) (0.55) (0.75) (10)bps (18)bps (24)bps 2025 APPENDIX (0.25) (0.25) (8)bps 2026 Sum 2020-26 (2.3) (2.3) ¹£500m paid in Q419 relates to the unwind of Senior notes | 2 Barclays Bank PLC asked the UKRF Trustee to consider an investment in a Senior note (similar to the issued note in December 2019) in order to manage the capital impact of 2020 contributions to the UKRF | BARCLAYS#46STRATEGY, TARGETS & GUIDANCE Reg min 3.775% Dec-21¹: UK Spot: 5.3% UK Average: 4.9% 1.5% headroom PERFORMANCE 0.0% 0.525% 3.25% Group leverage position appropriately managed Minimum leverage requirements and buffers under the UK regime Dec-21 requirement ASSET QUALITY BoE minimum leverage requirement G-SII leverage buffer CAPITAL & LEVERAGE 46 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 1.3% headroom 0.2% 0.525% 3.25% Dec-22 requirement MREL, FUNDING & LIQUIDITY Reg min 3.975% Countercyclical Leverage Buffer ● ¹ Leverage ratio calculated applying the transitional arrangements of the CRR as amended by CRR II. This includes IFRS 9 transitional arrangements | CREDIT RATINGS ESG 5.1% Headroom to minimum leverage requirement of 150bps in Q421, while the RWA-based CET1 ratio is expected to remain our primary regulatory constraint through the cycle 5.1% DIVISIONS & LEGAL ENTITIES Following the BoE's Financial Policy Committee (FPC) and the PRA's review of the UK leverage framework, the Group now has a single leverage requirement from 1 Jan 2022. The requirement must be met on a daily basis UK Spot Leverage Ratio 5.1% 5.3% APPENDIX 5.1% Dec-17 Dec-18 Dec-19 Dec-20 Sep-21 5.3% Dec-21 BARCLAYS#47STRATEGY, TARGETS & GUIDANCE PERFORMANCE 22.3% Total capital ratio 0.4% (£1.1bn) Legacy T2 2.7% (£8.6bn) T2 0.2% (£0.6bn) Legacy T1 3.9% (£12.2bn) AT1 Capital structure well managed Expect to hold prudent headroom above Tier 1 and total capital minimums Illustrative evolution of regulatory capital structure ≥ 16.6% Total capital requirement¹ 15.1% (£47.5bn) CET1 ASSET QUALITY Total T2 3.1% CAPITAL & LEVERAGE 47 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 ≥3.1% T2 AT1 headroom >2.4% AT1 CET1 headroom MREL, FUNDING & LIQUIDITY 11.1% CET1 MDA hurdle CREDIT RATINGS Balanced total capital structure Aim to manage our capital structure in an efficient manner: Continue to run a robust AT1 level and maintain a conservative headroom 2.13 AT1 as a proportion of RWAs may vary due to seasonal and FX driven fluctuations, in addition to potential issuance and redemptions AT1 supports attractive opportunities to deploy leverage within the Markets business Expect to hold an appropriate level of Tier 2 to meet our total capital requirement 2022 ESG Around £3.7bn BBPLC legacy capital instruments outstanding at Dec-21. After 2022 maturities, £1.7bn could remain outstanding in accordance with their call/due dates. Majority of this expected to qualify as Tier 2 until maturity/call or CRR2 grandfathered Tier 2 to Jun-25 Barclays PLC capital call and maturity profile (£bn) 2022 First or next call date as applicable By contractual maturity as applicable Barclays PLC AT1 capital as at 31 December 2021² 2.8 3.1 2024 2025 Barclays PLC Tier 2 capital as at 31 December 20212 3.2 2023 1.3 DIVISIONS & LEGAL ENTITIES 2023 0.9 Dec-21 Dec-21 capital requirement capital structure ¹ Excludes headrooms | 2 Prepared on nominal basis which will not reconcile with regulatory or accounting bases due to adjustments | 3 The redemption notice relating to the Barclays PLC US$1.5bn 7.875% AT1 was published on 8 February 2022 | 2024 APPENDIX 0.6 2025 1.1 2026+ 4.9 1.5 2026+ BARCLAYS#48MREL, Funding & Liquidity#49STRATEGY, TARGETS & GUIDANCE PERFORMANCE 12.7% (£39.9bn) Senior MREL position well established Expect c.£9bn of MREL issuance for 2022 MREL position of £108.2bn as at Dec-211 34.4% (£108.2bn) 29.2% (£93.6bn) 2.7% (£8.6bn) T2 3.9% (£12.2bn) AT1 15.1% (£47.5bn) CET1 ASSET QUALITY 31-Dec-21 MREL position Recapitalisation Loss-absorption- CCyB: 0.0% CCB: 2.5% G-SII: 1.5% 49 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 P2A: 4.6% P1: 8% CAPITAL & LEVERAGE P2A: 4.6% P1: 8% 01-Jan-22 RWA requirement MREL, FUNDING & LIQUIDITY ● ● ● CREDIT RATINGS HoldCo issuance 2022 HoldCo issuance plan Expect c.£9bn of MREL issuance across Senior, Tier 2 and AT1, with c.£8bn remaining following c.£1 bn of Senior issuance YTD Expect to be a net negative issuer Issuance plan calibrated to meet MREL requirements and allow for a prudent headroom 2022 MREL issuance, maturities and calls HoldCo/OpCo maturities & calls ESG c.£1bn Senior issuance in Q1 QTD DIVISIONS & LEGAL ENTITIES c.£8.5bn HoldCo Debt c.£9bn c.£3.3bn APPENDIX OpCo Debt c.£12bn ¹ MREL position has been calculated as a percentage of RWAS. The MREL requirement must meet the higher of the RWA or UK spot leverage bases. MREL position of £108.2bn does not include subsidiary issuances that cannot be counted towards MREL from 1 Jan 2022 | BARCLAYS#50STRATEGY, TARGETS & GUIDANCE 13.4 6.2 1.8 Strong progress in HoldCo issuance Annual HoldCo issuance volume (£bn)1,2 5.4 As at 2015 USD EUR GBP JPY AUD SGD Other 21% 12.1 9.3 1.7 1.1 2016 PERFORMANCE 11% 11.5 2016 6.1 2.9 2.5 2017 66% 39% ASSET QUALITY 1% 2017 12.1 15% 10.2 12% 9% 1.9 2018 2019 AT1 ■ Tier 2 Senior unsecured 13% 45% 8.6 Diversified currency of HoldCo issued instruments (%)³ 1% 1% 3% 2% 4.0 2018 50 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 CAPITAL & LEVERAGE 3.5 61% 30% 2% 6% 8.2 5.9 1.7 2020 2019 7% MREL, FUNDING & LIQUIDITY 22% 55% 11.0 11% 8.3 1.6 2021 2020 67% 36% CREDIT RATINGS Target: c.9 5% 1.0 YTD 2022 3% 4% 2021 52 % ESG AN DIVISIONS & LEGAL ENTITIES 2021 HoldCo issuance by currency² + APPENDIX March: USD 1bn Senior March: USD 1bn Tier 2 March: EUR 1bn Tier 2 May: EUR 2bn Senior May: AUD 600m Senior June: CHF 260m Senior June: JPY 77bn Senior June: CAD 450m Senior August: EUR 1.5bn Senior August: USD 1.5bn AT1 November: USD 4bn Senior ¹ Annual issuance balances based on FX rate at end of respective periods for debt accounted instruments and historical transaction rates for equity accounted instruments | 2 2021 issuance includes USD 4bn Senior Unsecured and USD 400m Senior Unsecured Formosa, which constitute pre-funding for 2022 | ³ FX rates as at respective period ends | Note: Charts may not sum due to rounding | BARCLAYS#51STRATEGY, TARGETS & GUIDANCE PERFORMANCE 10% ASSET QUALITY 6% High quality liquidity position Strong liquidity position, with Group LCR well above regulatory requirements Majority of pool held in cash and deposits at central banks FY21 Group Liquidity pool¹ 84% Cash and deposits at central banks Government bonds Other² CAPITAL & LEVERAGE MREL, FUNDING & LIQUIDITY 51 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 CREDIT RATINGS Minimum requirement: 100% Liquidity pool¹ (£bn) Comfortably exceeding minimum requirements Liquidity surplus (£bn) ¹ Liquidity pool as per the Group's Liquidity Risk Appetite | 2 Other includes government guaranteed issuers, PSES, GSES, international organisations and MDBs, and covered bonds | 162% ESG 266 Dec-20 Mar-21 99 161% 290 DIVISIONS & LEGAL ENTITIES 107 162% Jun-21 291 108 161% Sep-21 293 APPENDIX 107 168% Dec-21 291 116 Quality of the liquidity pool remains high, with the majority held in cash and deposits with central banks, and highly rated government bonds The increase in liquidity pool was driven by continued deposit growth, borrowing from the Bank of England's Term Funding Scheme with additional incentives for SMEs, and an increase in wholesale funding, which were partly offset by an increase in business funding consumption Liquidity pool of £291bn represents 21% of Group balance sheet BARCLAYS#52STRATEGY, TARGETS & GUIDANCE 339 13 41 92 194 PERFORMANCE Conservative loan: deposit ratio Stable LDR YOY, reflecting a solid deposit base L&A 82% ASSET QUALITY Dec-19 416 64 146 206 Deposits CAPITAL & LEVERAGE BUK 52 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 CIB Conservative loan: deposit ratio (LDR) (£bn)¹,2 Head Office 343 15 30 92 205 MREL, FUNDING & LIQUIDITY L&A CC&P 71% CREDIT RATINGS Dec-20 481 65 175 240 Deposits ESG LDR 362 19 34 100 209 L&A DIVISIONS & LEGAL ENTITIES 70% Dec-21 519 69 189 261 APPENDIX Deposits 1 Loan: deposit ratio is calculated as loans and advances (L&A) at amortised cost divided by deposits at amortised cost | 2 L&A and deposits at amortised cost, with the exception of BUK, which shows L&A to customers at amortised cost. The remaining BUK L&A is included under Head Office L&A | Note: Charts may not sum due to rounding | BARCLAYS#53STRATEGY, TARGETS & GUIDANCE PERFORMANCE As at 31 December 2021 (£bn) <1 month Barclays PLC (the Parent company) Senior unsecured (Public benchmark) Senior unsecured (Privately placed) Subordinated liabilities Barclays Bank PLC (including subsidiaries) Certificates of deposit and commercial paper Asset backed commercial paper Senior unsecured (public benchmark) Senior unsecured (Privately placed)² set backed securities Subordinated liabilities Wholesale funding composition as at 31 December 20211 0.7 2.3 Total as at 31 December 2020 1.2 0.1 Barclays Bank UK PLC (including subsidiaries) Certificates of deposit and commercial paper Senior unsecured (Public benchmark) Covered bonds Total 2.9 IN 7.2 ASSET QUALITY 5.7 1-3 months 0.8 11.2 4.2 2.1 1.1 0.2 2.2 21.7 15.4 CAPITAL & LEVERAGE 53 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 3-6 6-12 months months 10.2 0.6 1.3 3.1 0.5 15.7 9.5 1 9.0 1 1 5.3 OF 0.5 1.2 1 16.1 MREL, FUNDING & LIQUIDITY 12.1 Total <1 year 0.8 31.1 7.1 1.3 11.7 0.6 2.3 3.6 2.2 60.7 CREDIT RATINGS 42.7 1-2 years 8.0 0.1 0.2 7.1 0.1 1.8 16.7 15.6 2-3 years 5.5 0.1 0.9 0.1 1.0 8.6 2.0 0.1 18.2 ESG 16.7 3-4 years 4.9 1 1 -0.1 4.6 0.1 10.2 DIVISIONS & LEGAL ENTITIES 12.3 4-5 years 5.8 1.5 4.0 0.3 0.4 12.0 10.2 >5 years 15.6 1.0 6.8 0.4 22.5 1.4 0.8 0.2 1.0 49.7 47.5 APPENDIX Total 40.6 1.2 9.2 31.4 7.1 2.6 58.5 4.5 3.6 3.6 0.2 5.0 167.5 145.0 ¹ The composition of wholesale funds comprises the balance sheet reported financial liabilities at fair value, debt securities in issue and subordinated liabilities. It does not include participation in the central bank facilities reported within repurchase agreements and other similar secured borrowing. Term funding comprises public benchmark and privately placed senior unsecured notes, covered bonds, asset-backed securities and subordinated debt where the original maturity of the instrument is more than 1 year | 2 Includes structured notes of £47.4bn, of which £10.2bn matures within 1 year from 30 June 2021 | BARCLAYS#54Credit Ratings#55STRATEGY, TARGETS & GUIDANCE Barclays PLC Barclays Bank PLC (BBPLC) Barclays Bank UK PLC (BBUKPLC) PERFORMANCE Deposit rating | ASSET QUALITY Strategic priority to maintain strong ratings Current Senior Long and Short Term ratings CAPITAL & LEVERAGE 55 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 Moody's Baa2 Positive P-2 A1 Stable P-1 Counterparty risk assessment A1/P-1 (cr) A1¹ Stable P-1 MREL, FUNDING & LIQUIDITY Counterparty risk assessment Aa3/P-1 (cr) CREDIT RATINGS Standard & Poor's BBB Positive A-2 A Positive A-1 Resolution counterparty rating A+/A-1 A Positive A-1 ESG DIVISIONS & LEGAL ENTITIES Fitch A Stable F1 A+ Stable F1 APPENDIX Derivative counterparty rating A+/Negative (dcr) A+ Stable F1 Derivative counterparty rating A+/Negative (dcr) BARCLAYS#56STRATEGY, TARGETS & GUIDANCE Stand-alone rating Notching Liability ratings Barclays rating composition for senior debt Adj. Baseline Credit Assessment Macro profile Financial profile Qualitative PERFORMANCE Affiliate support Loss Given Failure (LGF) Government Support Total notching Rating Outlook Moody's BPLC ASSET QUALITY baa2 baal -1 0 0 Strong+ Strong+ Strong+ Baa2 POSITIVE ¹ Deposit rating | 2 The component parts relate to Barclays PLC consolidated | BBPLC BBUKPLC baa2 baa2 -1 +1 +3 +1 +4 56 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 A1 a3 STABLE a3 0 0 +1 CAPITAL & LEVERAGE +1 +2 A1¹ Anchor Stand-Alone Credit Profile MREL, FUNDING & LIQUIDITY Business position Capital and earnings Risk position Funding and liquidity Additional Loss Absorbing Capacity (ALAC) Group status Standard & Poor's Structural subordination Total notching Government support Rating Outlook BPLC -1 CREDIT RATINGS -1 BBB BBPLC bbb+ bbb+ 0 +1 -1 0 +2 Core +2 A POSITIVE BBUKPLC +2 Core +2 A ESG Viability Rating² Operating environment Company profile Management & Strategy Risk appetite Financial profile Qualifying Junior Debt DIVISIONS & LEGAL ENTITIES Government Support Total notching Rating Outlook Fitch BPLC a 0 A APPENDIX BBPLC a aa to a+ a to bbb+ a+ to a- a to bbb+ a+ to bbb+ +1 +1 A+ STABLE BBUKPLC a +1 +1 A+ BARCLAYS#57ESG#58STRATEGY, TARGETS & GUIDANCE PERFORMANCE Our Purpose: The reason Barclays exists; the societal need we fulfil We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and ASSET QUALITY sustainability, for the common good and the long term Environment 88 Social Our Purpose underpins the strong progress we delivered against our ESG strategy in 2021 Governance CAPITAL & LEVERAGE 58 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 ● ● ● ● ● ● ● MREL, FUNDING & LIQUIDITY Built expertise including appointment of new Group Head of Sustainability • Joined the Get Nature Positive Commitment and TNFD4 Forum Addressing nature and biodiversity considerations in our financing and operations ● CREDIT RATINGS ESG ● DIVISIONS & LEGAL ENTITIES APPENDIX Achieved emissions reductions of -22%¹ / -8%¹ in Energy / Power portfolios Founding member of NZBA² and member of SMI FSTF³ Launched our updated Purpose, Values and Mindset • Announced 'Say on Climate' shareholder vote to be held at the 2022 AGM New ambitions to increase black and minority ethnic representation in our workforce Comprehensive support for colleagues through the pandemic Extended our Female Innovators Lab to the UK and Europe Added socio-economic inclusion as our sixth D&l agenda ¹ From a baseline of 12 months to 31 December 2020 measured using Blue TrackTM: Energy absolute emissions - 75.0 MtCO₂ / Power emissions intensity - 320 KgCO₂/MWh | 2 Net-Zero Banking Alliance | 3 Sustainable Markets Initiative's Financial Services Task Force | 4 Taskforce for Nature-related Financial Disclosures BARCLAYS#59Divisions & Legal Entities#60Divisions STRATEGY, TARGETS & GUIDANCE Legal entities PERFORMANCE ASSET QUALITY Barclays UK Legal entity structure of the Group since April 2018 Barclays PLC Personal Banking Barclaycard Consumer UK Business Banking Barclays Bank UK PLC² Total assets: £320bn as at FY21 CAPITAL & LEVERAGE MREL, FUNDING & LIQUIDITY 60 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 CREDIT RATINGS Barclays Execution Services (BX) Barclays Execution Services Limited ESG Group-wide service company providing technology, operations and functional services to business across the Group DIVISIONS & LEGAL ENTITIES Barclays International and Head Office¹ US IHC Consumer, Cards & Payments Corporate & Investment Bank Head Office Barclays Bank PLC³ (and subsidiaries) APPENDIX Total assets: £1,065bn as at FY21 Barclays Bank Ireland Multiple entities ¹The Head Office division materially remains in Barclays Bank PLC and incorporates re-integrated Non-Core assets and businesses. The residual holding in BAGL (full regulatory deconsolidation effective 30 June 2018) is held in Barclays Principal Investments Limited as a direct subsidiary of BPLC | 2 The Barclays UK businesses are carried out by the ring-fenced bank (Barclays Bank UK PLC) and certain other entities within the Group | 3 The Barclays International businesses are carried out by the non ring-fenced bank (Barclays Bank PLC) and certain other entities within the Group | BARCLAYS#61STRATEGY, TARGETS & GUIDANCE PERFORMANCE ASSET QUALITY BBUKPLC metrics³ - CET1 ratio Average UK leverage ratio LCR4 Liquidity pool Strong legal entity capital and liquidity positions Continue to manage legal entity capital ratios with appropriate headroom to requirements Barclays Bank UK PLC (BBUKPLC) sub-group Barclays Bank UK PLC (solus) Capital regulated on a consolidated and solus basis¹ CAPITAL & LEVERAGE Subsidiaries No material regulated subsidiaries exist in the BBUKPLC sub-group FY20 15.6% 5.6% 160% £60bn Accounting and regulated sub-group 61 | Q4 2021 Fixed Income Investor Presentation | 23 February 2022 MREL, FUNDING & LIQUIDITY H121 16.0% 5.6% 203% £80bn Barclays PLC FY21 15.2% 5.5% 204% £86bn CREDIT RATINGS I I I Accounting sub-group ESG Barclays Bank PLC (BBPLC) sub-group US IHC Capital continues to be regulated on a standalone basis by the Fed DIVISIONS & LEGAL ENTITIES Barclays Bank PLC (solo) Capital continues to be regulated on a solo basis² BBPLC (solo) metrics³ CET1 ratio CRR leverage ratio LCR4 Liquidity pool5 Barclays Bank Ireland Regulated by the Single Supervisory Mechanism of the ECB FY20 14.2% 3.9% 145% £206bn APPENDIX Other subsidiaries A mix of regulated and unregulated subsidiaries H121 13.9% 3.6% 131% £211bn FY21 13.0% 3.7% 140% £205bn 1 Regulation on a consolidated basis became effective on 1 Jan 2019 | 2 BBPLC (solo) contains additional relatively small entities that are brought into scope for regulatory solo requirements | ³ Capital metrics calculated based on CRR transitional arrangements, as amended by CRR II. This includes IFRS 9 transitional arrangements and the grandfathering of CRR and CRR II non-compliant capital instruments | 4 BBUK Group and BBPLC DOLSub liquidity coverage ratios | 5 Barclays Bank Group liquidity pool | BARCLAYS